Workplace Report (October 2004)

Pay and prices

Inflation forecasts

Fourth quarter 2004

RPI forecast underlying inflation excl. mortgage payments

Average 3.2 2.3

Oxford Economic Forecasting 3.4 2.3

NIESR 3.0 2.3

Source: HM Treasury, Forecasts for the UK economy, October 2004


This information is copyright to the Labour Research Department (LRD) and may not be reproduced without the permission of the LRD.